The Freedonia Group forecasts global security services revenues to increase 4.4% per year to $295 billion in 2026.

Packaging end users are increasingly focused on source material – both to meet growing consumer demand for sustainable packaging and to fulfill their own corporate sustainability goals.

This is not the first time that Alan Greenspan’s theory of men’s underpants sales – as an economic indicator in general and predictor of tough times in particular – has entered the public discourse.

Compared to total households, a significantly higher percentage of vegetarians and vegans place a high or medium priority on recyclability, recycled content, and packaging with little or no plastic. The gap between the share of vegetarians and vegans and total households that place a high or medium priority on compostability and reusability in food packaging is even larger.

Decking accounts for the largest share of pressure-treated lumber and will continue to do going forward.

The growing popularity of outdoor living is driving consumer interest in materials that can unify indoor-outdoor aesthetics for a seamless transition between spaces. (Think stone patio pavers that match the flooring in an adjoining interior room, or using the same stone tiling in the backsplashes of both indoor and outdoor kitchens.)

Dramatically swift improvements in battery technologies have had a major impact on the power lawn and garden equipment market over the last decade, leading to a significant increase in the market share for electric models over engine-driven alternatives.

Among people who purchase home organization products, the bathroom is one of the rooms for which consumers most commonly purchase organization products. A Freedonia Group survey found that 68% of consumers who bought home organization products in the past months bought products for the bathroom.

Outdoor areas were a particular area of interest among consumers even before the pandemic, but with social distancing and other factors coming into play, the outdoor living trend accelerated sharply.

In the US, DIY home renovations saw strong increases in 2020 during the pandemic, and home organization was among consumers’ top projects.